Citizens & Northern Corp Stock Forecast
Citizens & Northern Corp stock downgraded to Sell Candidate
(Updated on May 02, 2024)
The Citizens & Northern Corp stock price fell by -2.04% on the last day (Thursday, 2nd May 2024) from $18.16 to $17.79. During the last trading day the stock fluctuated 4.97% from a day low at $17.52 to a day high of $18.39. The price has fallen in 6 of the last 10 days but is still up by 2.89% over the past 2 weeks. Volume has increased on the last day by 16 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 59 thousand shares were bought and sold for approximately $1.05 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.21% during the next 3 months and, with a 90% probability hold a price between $15.32 and $17.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CZNC Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.52%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Citizens & Northern Corp stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $17.82. On a fall, the stock will find some support from the short-term average at $17.65. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Citizens & Northern Corp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Citizens & Northern Corp stock
Citizens & Northern Corp finds support from accumulated volume at $17.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.87 (4.97%) between high and low. For the last week, the stock has had daily average volatility of 4.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CZNC) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Citizens & Northern Corp to open at $17.90, and during the day (based on 14 day Average True Range), to move between $17.11 and $18.47, which gives a possible trading interval of +/-$0.677 (+/-3.81%) up or down from last closing price. If Citizens & Northern Corp takes out the full calculated possible swing range there will be an estimated 7.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.84 (0.28%) than the support at $17.65 (0.79%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Citizens & Northern Corp will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.340. We will update the financials statements for Citizens & Northern Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.27% in the first trading day after earnings release.
Is Citizens & Northern Corp stock A Buy?
Citizens & Northern Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.052 Sell Candidate Downgraded
Predicted Opening Price for Citizens & Northern Corp of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$17.90 ( 0.618%) | $17.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CZNC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.77 | 5.51 % | |
R2 | 18.44 | 3.64 % | ||
R1 | 18.23 | 2.49 % | ||
Current price: | 17.79 | |||
Support | S1 | 17.57 | -1.25 % | |
S2 | 17.36 | -2.40 % | ||
S3 | 17.03 | -4.27 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.50 | 9.61 % | |
R2 | 18.49 | 3.93 % | ||
R1 | 17.84 | 0.281 % | ||
Current price | 17.79 | |||
Support | S1 | 17.65 | -0.787% | |
S2 | 17.60 | -1.07% | ||
S3 | 17.16 | -3.54% |
CZNC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 25, 2024 | May 03, 2024 | May 17, 2024 | $0.280 | 1.57% |
2 | Jan 18, 2024 | Jan 26, 2024 | Feb 09, 2024 | $0.280 | 1.44% |
3 | Oct 19, 2023 | Oct 27, 2023 | Nov 10, 2023 | $0.280 | 1.42% |
4 | Jul 20, 2023 | Jul 28, 2023 | Aug 11, 2023 | $0.280 | 1.34% |
5 | Apr 20, 2023 | Apr 28, 2023 | May 12, 2023 | $0.280 | 1.55% |
FAQ
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